RESPONSIBILITIES AND FUNCTIONS OF THE THRIFT SAVINGS PLAN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000800190002-5
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 27, 2016
• Document Release Date: December 3, 2012
• Sequence Number: 2
• Content Type: MEMO

Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
ROUTING AND RECORD SHEET
SUBJECT: (Optional)
Memorandum of Understanding (MOU)
FROM.
Uhiet, Retirement Investments Branch, OP/RD
EXTENSION
NO.
DATE24 February 88
STAT
STAT
TO: (Officer designation, room number, and
building)
DATE
RECEIVED
FORWARDED
OFFICER'S
INITIALS
COMMENTS (Number each comment to show from whom
to whom. Draw a line across column after each comment.)
ADD/PERS/EBS
24
FEB 198P
2.
3.
DD/PERS/EBS
4.
EO - D/PERS
6.
7. DD/PERS
8.
9. D/PERS
10.
12.
13.
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15.
FORM 61 rk um PREVIOUS is U.S. Government Printing Office: 19115-494-834/411158
1-79 V EDITIONS
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
SUBJECT: RESPONSIBILITIES AND FUNCTIONS OF THE
THRIFT SAVINGS PLAN
MEMORANDUM OF UNDERSTANDING
I. Purpose
A. This memorandum formalizes existing understandings between the
Executive Director, Federal Retirement Thrift Investment Board (FRTIB),
and the Director of Personnel, Central Intelligence Agency (CIA),
regardimj-administration of r -1,eac of the Thrift
Savings Plan (TSP) with respect to:
1) employees of the CIA; and,
2) for the duration of their assignment, certain civilian employees
of an intelligence element of the Department of Defense jointly
assigned with CIA employees to a specific intelligence activity of
such national security sensitivity that identities of such assignees
must be protected from unauthorized disclosure.
B. It is understood that application of this memorandum to non-CIA
employees is limited solely to that group of employees of the specific
element of the Department of Defense as identified in discussions between
FRTIB and CIA.
Should it be determined in the future that similar circumstances
apply to other non-CIA employees involved in sensitive covert activities
with the CIA, separate and independent agreement p and memoranda of
J N I VLSI' Alva/
understanding wwst be executed bier each Gooh Qaco,
nL
a4v-z.eveZit,t
II. Scope of at-c.aageme--nt between CIA and the FRTIB
A. General Functions and Duties to be Assumed by the CIA ,
1) This memorandum reaffirm blYbdcor cerikvAL wew
TNutk
DCI has e ected to exercise
his authority, effective 1 January 1987, to administer all TSP
functions, not specifically excluded by law, as applicable to CIA
employees and their beneficiaries. In carrying out such functions,
CIA will comply with all applicable provisions of the Federal
Employees Retirement System (FERS) Act of 1986 or other laws, and
such fiduciary responsibilities as may be imposed on CIA by such Act
or law.
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
STAT
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
2) By delegation of authority from the Executive Director of the
FRTIB under provisions of the FERS Act of 1986, and consistent with
13tape-Ttt-yo.qqd the authorities and responsibilities of the DCI under
Title 50 USC to protect the identities of certain United States
intelligence personnel, CIA will administer, according to the same
processes and procedures applicable to CIA employees, TSP functions
not excluded by law relative to those specific non-CIA employees
referred to in paragraph IA q2) above.
Cc/g,NIN
3) The CIA will develop Memoranda of Understanding with the
employing agency of such non-CIA employees retlattem-to\14the__-
administration of TSP functions. 1 A ,G
a14 (2,...AveywO /;1,?, \,;ctl-J!!) IC : q?') -I5c-vUIC-L
4) TA-will consult with FRTIB should ci cumstances require
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substantial revision of the 03ARO.S7-etR78 and FERS retirement
regulations and/or procedures involving TSP matters.
' ote-vA
5) In the event that the DCI determines that it is no longer
appropriate to internally administer specific TSP functions, the
employing agency of affected non-CIA employees and the FRTIB will be
.pneatipoled sufficient advance notice of such action so as to provide
adequate time for such agency and the FRTIB to assume responsibility
for administering such functions and responsibilities.
B. General Functions and Services to be Performed by FRTIB
1) The FRTIB shall furnish such information and, on a reimbursable
basis-, such services as CIA requests to carry out those functions and
duties etermined by the DCI following consultation with the
Executive Director of the FRTIB*-&s-apQr.gigniats., to be performed by
the CIA.
2) The CIA will conduct periodic internal inspections and audits of
its TSP accounts and disbursements under its jurisdiction. In a
manner consistent with the Director of Central Intelligence's
responsibility to protect identities, intelligence sowes, methods,
activities, and sensitive intelligence data, internail-inspection and
audit reports concerning TSP accounts and disbursements will be
subject to review by FRTIB personnel who have appropriate program
responsibilities and security clearances.
3) Subject to such security requirements, including the requirement
for certification of clearances, CIA will permit appropriately
delimited review within the FRTIB of a specified TSP procedure being
used by CIA to the extent necessary for the FRTIB to satisfy any
fiduciary duty retained by the FRTIB and not allocated or shared by
CIA with respect to that specified procedure.
III. Establishment of Inter-Agency Implementation Procedures
A. Operating agreements and procedures developed jointly between CIA and
FRTIB officials currently in effect to implement the DCI's administration
of TSP functions will continue under this Memorandum of Understanding.
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
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()
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
B. The establishment of new procedures, and the modification or revision
of existing operating procedures, will be jointly developed by
appropriate officials of CIA and FRTIB as requirements dictate.
The functions which may be involved include, but are not limited to:
1) Maintenance of individual employee TSP account records.
2) Transmission of employee and Agency contributions to the FRTIB.
3) Maintenance of a control system for employee TSP account balances
reconcilable with corresponding controls at FRTIB.
4) Accounting for disbursements from, and allocations of earnings,
losses, and charges to, individual employee TSP accounts.
IV. Supplemental Memoranda of Understanding
Separate Supplemental Memoranda of Understanding consistent with the
contact and scope of this basic Memorandum may be developed to address
specific, joint operating procedures and responsibilities relative to
administration of the TSP and other topics of particular significance
where elaboration or clarification is r-cgia4r1
V. Duration of Memorandum of Understanding
This memorandum will continue in effect until terminated by either
signatory giving written notice to the other Agency or through mutual
agreement that a formal Memorandum of Understanding is n7( longer
necessary.
Approved for the Federal Retirement Thrift Investment Board this day
of 1988.
Executive Director
Federal Retirement Thrift Investment Board
Approved for the Central Intelligence Agency this day
of 1988.
Director of Personnel
Central Intelligence Agency
Declassified in Part - Sanitized Copy Approved for Release 2012/12/03: CIA-RDP89-00066R000800190002-5
STAT